Oil prices fall for fourth day as midterm results ease fears
In short
Oil prices fell for a fourth day. Brent futures dropped 97 cents to $93.65 a barrel, and US WTI fell $1.14 to $86.98 as of 0211 GMT.
The report says US midterm results eased worries about an Iran war. It is not clear if the slide will continue or how traders will react next.
What the reporting says
Oil prices fell for a fourth day, with Brent futures down 97 cents to $93.65 a barrel and US West Texas Intermediate down $1.14 to $86.98 as of 0211 GMT, according to a Business Standard Markets summary. The report links the drop to US midterm results easing fears of an Iran war.
Why it matters
Brent futures fell 97 cents to $93.65 a barrel and US West Texas Intermediate fell $1.14 to $86.98 as of 0211 GMT, marking a fourth straight day of declines.